On Tuesday, Eclipse Resources Corp (NYSE:ECR)’s shares declined -6.56% to $4.49.
Eclipse Resources Corporation (ECR) declared its second quarter 2015 operational update and earnings release information.
Operational highlights from the quarter comprise the following:
- Production for the second quarter averaged about 198.6 MMcfe per day, which was about 10% above the high end of its formerly issued guidance range for the quarter and represented a 374% enhance relative to the second quarter 2014 and a 24% sequential enhance over the first quarter 2015. For the second quarter of 2015, the Company’s production mix was about 57% natural gas, 23% natural gas liquids and 20% oil.
- Turned 6.3 net wells to sales, counting the three-well Sawyers pad in the Dry Gas type curve area drilled with inter-lateral spacing of about 715 feet.
- Drilled a dry gas Utica well in eastern Monroe Country, Ohio with a 10,220 foot lateral (21,330 foot total measured depth), its longest lateral and deepest well to date, in just 17 days from Spud to Total Depth.
- Averaged 921 feet per day drilling with an average cost of $261 per foot, a 7% enhance in footage and an 18% decrease in cost over the first quarter 2015.
Eclipse Resources Corporation, an independent exploration and production company, acquires and develops oil and natural gas properties in the Appalachian Basin. The company owns interests in the Utica Shale and Marcellus Shale areas.
At the end of Tuesday’s trade, L Brands Inc (NYSE:LB)‘s shares dipped -1.08% to $82.49.
As part of its ongoing commitment to return value to shareholders, L Brands, Inc. (LB) declared that it’s Board of Directors has authorized a new $250 million share repurchase program, which comprises $0.6 million remaining under its previous $250 million share repurchase program.
L Brands, Inc. operates as a specialty retailer of women’s intimate and other apparel, beauty and personal care products, and accessories. The company operates in three segments: Victoria’s Secret, Bath & Body Works, and Victoria’s Secret and Bath & Body Works International. Its products comprise loungewear, bras, panties, sleepwear, swimwear, athletic attire, fragrances, shower gels and lotions, aromatherapy, soaps and sanitizers, home fragrances, handbags, jewelry, and personal care accessories. The company offers its products under the Victoria’s Secret, Pink, Bath & Body Works, La Senza, Henri Bendel, C.O. Bigelow, White Barn Candle Company, and other brand names. L Brands, Inc. sells its merchandise through company-owned specialty retail stores in the United States, Canada, and the United Kingdom, which are primarily mall-based; through its Websites; and through franchises, licenses, and wholesale partners.
Lexington Realty Trust (NYSE:LXP), ended its Tuesday’s trading session with 1.14% gain, and closed at $8.85.
Lexington Realty Trust (LXP), a real estate investment trust focused on single-tenant real estate investments, recently declared results for the second quarter ended June 30, 2015.
Second Quarter 2015 Highlights
- Generated Company Funds From Operations (“Company FFO”) of $67.0 million, or $0.27 per diluted common share.
- Invested $28.2 million in on-going build-to-suit projects and commenced funding an industrial build-to-suit project for $70.0 million.
- Accomplished an industrial build-to-suit property for $10.1 million.
- Disposed of two office buildings for gross disposition proceeds of $77.1 million.
- Stepped down $30.1 million of secured debt.
- Accomplished 1.3 million square feet of new leases and lease extensions with overall portfolio 96.3% leased.
- Raised renewal rents by 1.3% on a cash basis and 6.6% on a GAAP basis.
- Declared a 10.0 million common share repurchase authorization subsequent to quarter end.
Lexington Corporate Properties Trust operates as a self-managed and self-administered real estate investment trust (REIT). The company acquires, owns, and manages a portfolio of office, industrial, and retail properties net-leased to corporate tenants in the United States. It also provides investment advisory and asset administration services to institutional investors in the net lease area. As of June 30, 2005, the company operated 185 properties and managed 2 properties.
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